New Car Replacement

2018 05 29 Newcarreplacement Coverage New Car Lot

What is New Car Replacement Coverage?

New Car Replacement coverage gives you some extra assurance when you drive off the lot in your brand-new car. If that car gets totaled in an accident, assuming you qualify for the coverage, you’ll get the money you need to purchase a new, similarly equipped vehicle. At Say, we include New Car Replacement coverage in both our Comprehensive and Collision coverages.


Real life example:

Say you’re driving your shiny new car and swerve to avoid a deer and you end up crashing into a grove of trees. You’re okay (and so is the deer) but your new ride is totaled. You file your Collision claim, and if everything checks out, you could receive a claim payment (minus your deductible) of enough money to purchase a new auto of the same make, model, and model year (or equivalent if that car is unavailable).

Who Qualifies for New Car Replacement Coverage?

Any Say insured who has a policy with Comprehensive or Collision coverage qualifies for a New Car Replacement settlement if:

  • The damage was caused by an event covered under the Collision or Comprehensive coverage.
  • The insured is the original owner of the vehicle.
  • The vehicle was purchased within 12 months of the accident.
  • The vehicle had less than 15,000 miles at the time of the accident.

What Are the Restrictions for New Car Replacement?

As long as your car meets the qualifications listed above and is covered by Comprehensive or Collision, there are no restrictions for New Car Replacement.

Coverage options that fit your needs.